Meh the debates were kind of blah, so I’m going to skip that to talk cutting corporate taxes… I mean the corporate taxes in Canada are about half of what it is in the US, if that doesn’t already spur investment I don’t think cutting it a few more points will. Considering the federal government’s fiscal shape I also feel that it’s an inappropriate time to cut taxes, I mean if we’re swimming in money sure but to cut simply for ideological reasons is down right stupid (like the GST cut, yeah I am happy it’s lower but it was a bad fiscal move).

There’s a great article about this in The Toronto Star, looks like Statistics Canada shows corporate tax cuts don’t help…

Historical economic data from Statistics Canada reveals business fixed capital spending has dropped slightly as a percentage of GDP and as a share of corporate cash flow for almost three decades, according to the study by the Canadian Centre for Policy Alternatives, an Ottawa-based non-partisan, non-profit research agency.

The decline came despite continuing business tax cuts that have slashed the combined corporate federal-provincial corporate rate from 50 per cent in the 1980s to 29.5 per cent in 2010, according to the study, which The Star obtained and the centre will release this morning.

Geez you figure if you look at how things are in the US, people would figure that the trickle down theory is bogus… Btw the tax breaks the Conservatives have been pitching help those more with higher than average median income, just wanted to be clear.